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Super Abrasives Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Super Abrasives Market, By Product (Cubic Boron Nitride (CBN) and Diamond), By Application (Powertrain, Bearing, Gear, and Others), By Industry (Construction, Energy, Automotive, and Others), By Region, Industry Dynamics, Market Size and Opportunity Forecast, 2022-2027

  • Published On: 17-Feb-2022  |   Format: pdfpowerpointexcel  |  Report ID: AA0222141
    Delivery: 2 to 4 Hours
Super Abrasives Market

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Report AttributeDetails
Market Size Value in 2021US$ 6,694.5 Mn
Expected Revenue in 2027US$ 9,767.4 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
Segments coveredBy Product, Application, Industry, and Region
Key Companies3M, Finzler, Schrock & Kimmel GmbH (FIS), Hyperion Materials & Technologies, Asahi Diamond Industrial, and other prominent players.
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The Global Super Abrasives Market is projected to grow at a CAGR of 6.5% during the forecast period 2022-2027.

Asia Pacific region is projected to hold the highest market share in the Global Super Abrasives Market.

Diamond segment dominates the Global Super Abrasives Market during the forecast period.

Tool grinding segment is estimated to project the highest CAGR. 

Substitution of conventional abrasives by super abrasives and increasing use of diamond in grinding wheels for precision and machining tools driving the Global Super Abrasives Market.

South America is estimated to grow at the highest CAGR during the forecast period.

Electrical and Electronics segment holds the highest market share in terms of industry segment.

China is the highest shareholder in the Asia Pacific Super Abrasives Market.

Factors such as increasing demand for cutting and grinding tools is expected to boost the market growth.

The market has been classified into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. 

High-performance application, high initial cost and stringent regulations by government restrain the market growth. 

3M, Action SuperAbrasive, Asahi Diamond Industrial Co. Ltd., Carborundum Universal Ltd., Diametal AG, Element Six (UK) Limited and Finzler among others.